Elliott waves analysis – We are sellers.


Wave Analysis:

During the previous trading days, this pair rallied around the upper trendline for a while but bounced back towards the lower trendline at the impulsive wave cycle three. As at now the price on the upper trendline at the corrective wave cycle three, I expect a bearish momentum towards the lower trendline in continuation of the impulsive wave cycle five. If you are looking at this pair right now, pick a sell from 134.66 towards 133.25.

Trade Recommendations:

We are sellers.

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